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26.03.2009 Education

Students learn to save

Students learn to save

Liberty Capital Ghana Limited, an investment advisory and a Licensed Dealing Member of the Ghana Stock Exchange, has tailored an investment product that aims at inculcating the habit of savings into the youth, especially pupils and students.

The product, dubbed “Liberty Education Fund”, is to encourage parents to support their children (pupils and students) to contribute not less GH¢10 per every term for their future.

The Fund is to help contributors to improve their ability to make financial decisions, help them save and invest their money, earn additional income through receipts of dividends and interest (discounts or coupons) as well as build up capital for future endeavours.

Mr Pavis Dzre, the General Manager of Liberty Capital Ghana, told the Ghana News Agency in Accra on Wednesday that the contributions would be invested prudently and managed efficiently so as to build a considerable investible fund for contributors.

“A risky investment is better than a safe consumption,” he noted.

Mr Dzre said the product among others which would soon be introduced is geared towards creating the platform for the Ghanaian investor to take advantage of the numerous investment potentials in Ghana and in abroad.

He said the savings culture in Ghana is low which stifled investment and noted that one important measure to improve the situation for the benefit of the country would be to whip-up the habit of saving in the people especially the young generation who are the future investors.

Explaining further, Mr Anthony Edem Ayitey, Liberty Capital's Compliant Officer said: “We want the youth to know more about investments and also to instil the habit of savings in them, help them access education, information and advice them on how to make financial decisions with confidence.”

He said the ultimate goal of the company is to make the market easily accessible to both corporate, individual investors and the general public.

Mr Ayitey said this would be down through assisting potential investors to make prudent investment choices through Liberty Capital's experts and unparalleled corporate advisory services.

“Our company aims at becoming a major channel of foreign direct investments to Africa by providing innovative and quality investment products and services to both corporate and individual investors.

“We aim at becoming the leading investments firm in Ghana and in the West African sub-region through the promotion of investment drive among Africans home and abroad,” Mr Ayitey said.

He said the company was currently undertaking a financial literacy tour in all schools in Tema with the sole objective of helping the young ones have better understanding of the financial market.